SMB

We believe Azerbaijan’s socio-economic development is closely linked with entrepreneurship and its future development!

The role of SMBs in the Transition to the Green Economy Within the framework of COP29, a panel discussion was held on the topic “The Role of SMBs in the Green Economy” KOBİA and the "Invest Bulgaria" Agency to collaborate Within the framework of COP29, the documents for collaboration were signed to support the green transition of SMBs Representatives of the International Trade Centre (ITC) paid the visit to "Baku SMB House" A conference was held regarding the presentation of unified platform and the national standard for ESG A national standard on Environmental, Social, and Corporate Governance (ESG) has been adopted "KOB FEST" exhibition-sale fair held in Khachmaz A business plan – the key to successful and sustainable business "From Us to Business" startup competition is underway

SMBDA to continue supporting self-employment program 05.03.21

Citizens wishing to join the self-employment program can also benefit from the support of the Small and Medium Business Development Agency (SMBDA). For this purpose, along with the electronic platform and Territorial Employment Centers, they can also apply to SME Friends operating in Baku and other regions of the country.

In 2019-2020, about 400 citizens used the SMBDA’s services to join the self-employment program.

In connection with the COVID-19 pandemic in 2020, SMBDA also took an active part in transferring assets to citizens based on a business plan without participating in training as part of a self-employment program. Thus, in 2020, the Agency provided support in developing business plans to more than 70 residents of the Khachmaz, Guba, and Gusar regions. SMBDA also supports the ‘Social Gardens’ project implemented as part of the program. Last year, the Agency supported about 40 residents of Lankaran, Guba, Gusar, Khachmaz, and Shamakhi regions in setting up gardens.

It should be noted that SMBDA supports the self-employment program in two ways. The Agency provides support in informing citizens wishing to join the program, registering them in the appropriate system, and coordinating with Employment Centers, participates in inspecting the candidates’ farms, training those participating in the program, and transferring assets to them. At the next stage, SMBDA provides those who have built their businesses under the program with free support and services in business planning, consulting, access to preferential financial resources and sales markets, etc.